Materials Select Sector SPDR Fund Stock to Split on Friday, December 5th (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares are going to split on the morning of Friday, December 5th. The 2-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Thursday, December 4th.

Materials Select Sector SPDR Fund Stock Up 1.2%

NYSEARCA:XLB opened at $88.89 on Thursday. The stock has a market cap of $5.66 billion, a PE ratio of 24.55 and a beta of 1.03. Materials Select Sector SPDR Fund has a 52 week low of $73.12 and a 52 week high of $95.18. The business’s 50-day simple moving average is $87.92 and its two-hundred day simple moving average is $88.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ally Invest Advisors Inc. raised its holdings in shares of Materials Select Sector SPDR Fund by 3.9% in the second quarter. Ally Invest Advisors Inc. now owns 2,922 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 110 shares during the period. St. Johns Investment Management Company LLC raised its holdings in shares of Materials Select Sector SPDR Fund by 3.6% in the 3rd quarter. St. Johns Investment Management Company LLC now owns 3,299 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 115 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in Materials Select Sector SPDR Fund by 3.6% during the 2nd quarter. Chemistry Wealth Management LLC now owns 3,327 shares of the exchange traded fund’s stock valued at $292,000 after acquiring an additional 116 shares in the last quarter. Ellis Investment Partners LLC grew its stake in Materials Select Sector SPDR Fund by 2.5% in the third quarter. Ellis Investment Partners LLC now owns 4,712 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 117 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in Materials Select Sector SPDR Fund by 1.8% during the second quarter. Global Financial Private Client LLC now owns 6,622 shares of the exchange traded fund’s stock valued at $581,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.

Materials Select Sector SPDR Fund Company Profile

Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials.